Welcome to our dedicated page for Smart Share Global news (Ticker: EM), a resource for investors and traders seeking the latest updates and insights on Smart Share Global stock.
Smart Share Global Ltd (EM) provides innovative mobile charging solutions through China's largest network of power bank stations. This page serves as the definitive source for verified company developments, offering investors and industry observers direct access to strategic updates.
Track official announcements including quarterly earnings, technology partnerships, network expansions, and operational milestones. Our curated collection ensures you stay informed about EM's role in shaping mobile connectivity across entertainment hubs, transportation centers, and urban infrastructure.
Key updates cover deployment statistics, maintenance protocols, and digital platform enhancements that maintain EM's market leadership. Discover how the company's QR-based rental ecosystem evolves to meet growing demand for on-the-go power solutions.
Bookmark this page for real-time access to press releases and analyst reports detailing EM's progress in China's consumer tech sector. Check regularly for insights into network growth patterns and partnership developments critical to evaluating the company's market position.
Smart Share Global Limited (Nasdaq: EM) reported its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2022. The company faced significant challenges due to COVID-19, leading to a 28.8% decrease in revenues, which totaled RMB595.6 million (US$86.4 million). The mobile device charging business saw a 29.5% decline in revenue, while power bank sales decreased by 20.1%. Cumulative registered users reached 333.7 million, with 8.4 million new users in Q4. The company incurred a net loss of RMB334.5 million (US$48.5 million) for Q4 2022, compared to a loss of RMB68.5 million in Q4 2021. For fiscal 2022, total revenues were RMB2.8 billion, a 20.8% year-over-year decline, with a net loss of RMB711.2 million (US$103.1 million). Looking ahead, the company expects revenues of RMB815 million for Q1 2023, factoring in ongoing COVID-19 impacts.
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